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No, National Equity Agency is a reputable organization committed to assisting homeowners in reclaiming surplus funds. The agency has numerous positive testimonials and success stories that demonstrate its reliability and effectiveness in recovering funds for clients.
National Equity Agency (NEA) is an organization dedicated to assisting homeowners in recovering surplus funds from foreclosure and tax sales. The agency employs a team of experienced professionals who conduct thorough research, navigate legal processes, and ensure clients receive the funds they are entitled to.
National Equity Agency may call to inform homeowners about potential surplus funds available from the foreclosure or sale of their property. These calls are part of the agency's effort to help individuals recover funds that they may not be aware are owed to them.
A sheriff’s sale is a public auction at which property that has been repossessed is sold by court order to compensate unpaid creditors. The proceeds of the auction are used to pay mortgage lenders, banks, tax collectors, and other litigants who have lost money on the property. Generally, a foreclosure auction is held when the property is being sold directly by a bank or other lender who has seized property for non-payment, while a sheriff’s sale is part of a court-ordered process to satisfy legal judgments against the former owner of the property.
No, National Equity Agency is not a scam. It is a legitimate organization with a track record of helping homeowners recover surplus funds from foreclosure and tax sales. The agency operates on a contingency basis, meaning clients only pay if funds are successfully recovered, which eliminates financial risk for clients.
National Equity Agency (NEA) is an organization dedicated to assisting homeowners in recovering surplus funds from foreclosure and tax sales. The agency employs a team of experienced professionals who conduct thorough research, navigate legal processes, and ensure clients receive the funds they are entitled to.
Surplus funds, often referred to simply as "surplus," are the remaining funds generated from the sale of a foreclosed property when the auction price is higher than the total amount owed on the property. This surplus arises after satisfying all outstanding obligations, including the mortgage balance, taxes, liens, and any foreclosure-related expenses mandated by the court's final judgment. For example, if a property with a foreclosure judgment of $200,000 sells at auction for $225,000, the surplus funds would be $25,000.
National Equity Agency has a high success rate in recovering surplus funds, as reflected in the many positive testimonials from our clients. Our thorough approach and dedication to each case contribute to our strong track record.
Yes, homeowners can claim surplus funds after foreclosure. These funds are the excess money from the sale after all debts are paid. NEA's mission is to aid homeowners in this process, providing support and expertise every step of the way.
The legal and administrative processes for recovering surplus funds can include filing claims, verifying property records, and navigating court procedures. National Equity Agency handles these complexities on your behalf, leveraging our expertise to streamline the process.
The former property owner is usually entitled to the surplus funds remaining after all debts, including the mortgage and foreclosure costs, are paid off. At NEA, our clients' successful recoveries showcase our dedication to helping them reclaim what's rightfully theirs.
National Equity Agency is a professional recovery company that specializes in helping individuals and organizations recover surplus funds from property sales, particularly after a foreclosure or tax sale.
Maybe! Each case is different based on several factors, including the parties named in the foreclosure suit. The National Equity Agency's legal team can provide you with a detailed overview of your specific case at no cost. In many cases, other liens and mortgages not named in the foreclosure suit may not be entitled to the surplus funds.
Yes, you can often still claim surplus funds even if you receive Social Security or Medicaid benefits, but the ability to do so depends on the specific circumstances.
The claim of a mortgage lender is typically limited to the terms outlined in the mortgage agreement. They cannot extend their claim beyond the agreed-upon amounts, and once the overage of funds are distributed according to legal requirements, the mortgage lender's claim is considered fulfilled.
Generally, the surplus funds recovery process takes about 2-6 weeks. After the judge approves the petition and orders the distribution of funds, the County Clerk of Courts will disburse your entitled portion, and a check will be mailed to you.
Nationwide Mission Guiding Homeowners & Estates Through The Foreclosure Process!
National Equity Agency is a premier Real Estate Attorney based in West Palm Beach, FL
Mon: 8:00 AM to 6:00 PM
Tue: 8:00 AM to 6:00 PM
Wed: 8:00 AM to 6:00 PM
Thu: 8:00 AM to 6:00 PM
Fri: 8:00 AM to 6:00 PM
Sat: Closed
Sun: Closed
